Design and Value: Spatial Form and the Economic Failure of a Mall

Brown, M. Gordon

doi:10.1080/10835547.1999.12090970

Cited by 36 publications

(12 citation statements)

References 6 publications

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“…Vernon (2012) discovered that architectural design or configuration is another key factor in determining shopping centre rents. In Western countries, the mainstream configurations of shopping centres consist of mall, cluster, L-shape, U-shape, as well as linear-shape (Sirmans and Guidry, 1993;Brown, 1999). The enclosed mall, as the most functional designing style, offers a wider range of services and goods, including entertainment, dining, leisure, et al than common stores.…”

Section: Literature Reviewmentioning

confidence: 99%

The factors that determine shopping centre rent in Wuhan, China

Wang²

2016

Journal of Property Investment &Amp; Finance

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Purpose-this paper investigates the factors that affect retail rent of the shopping centres in Wuhan, an important city in central China. Design/methodology/approach-the study uses a dataset of 68 shopping centres in urban Wuhan. A regression model is constructed to estimate the impact on retail rent of a composite range of variables that would capture the physical characteristics, spatial characteristics, potential attractiveness of shopping centres and market condition. Findings-the empirical findings suggest the ceiling height, closeness to metro line station, being situated in commercial central area, vacancy rate and income have significant impact on rental level. Unexpected, the retail mix has a significant negative impact on rent. The impact of the more determining factors found in western research-size, age, parking space and anchor tenant-is not supported in the Wuhan study. Research limitation/implication-while 68 shopping centres are included in the test, the sample size is relatively small. The comparatively short history of retail market in Wuhan won't allow to test the rent adjustment process. Originality/value-this is the first paper to investigate retail rent determinants in a second-tier city in China. The results of the study give designers, developers and investors critical insights into the determinants of retail rent in an emerging market.

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Section: Literature Reviewmentioning

confidence: 99%

The factors that determine shopping centre rent in Wuhan, China

Wang²

2016

Journal of Property Investment &Amp; Finance

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“…Rather than design its layout around customer needs, its layout was determined by its predominant form of public transport: linear in the case of the tram and non-linear in the case of the train ( Johnston and Rimmer, 1969). In contrast, mall planners, recognising that the layout of a mall serves as its central nervous system (Brown, 1999), should be expected to adopt a layout that takes consumers spatial needs into account. While this suggests the mall would offer a more compact layout, there is again an absence of empirical research to confirm this notion.…”

Section: The Four Attributes Of Intra-centre Spatial Conveniencementioning

confidence: 99%

Spatial convenience: bridging the gap between shopping malls and shopping strips

Reimers

Clulow

2014

International Journal of Retail &Amp; Distribution Management

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Purpose: Due to rising obesity levels, declining fitness levels, an aging population, and shopper lethargy, retail planners must give serious consideration to the physical demands retail centres place on their patrons. The aim of this study is to determine the importance consumers assign to intra-centre spatial convenience, measure how consumers perceive shopping malls and shopping strips (also referred to as the downtown area, central business district, Main Street or the High Street) in relation to it, and compare them in their provision of it. Methodology: The study utilises a household survey of consumers and a retail audit to address these research objectives. The survey was used to identify the importance consumers assign to intra-centre spatial convenience, while the retail audit was used to establish how malls and strips compare in their provision of it. Findings: The results of the survey indicate that consumers regard intra-centre spatial convenience as important and believe that malls are superior in providing it. The retail audit confirmed the accuracy of these perceptions, with the mall providing greater store compatibility, and a more compact shopping environment. Originality / value: The influence of intra-centre spatial convenience on shopping behaviour has been largely overlooked. Moreover, those studies that have focused on this topic have typically done so from the singular focus of either malls or strips. This study incorporates both, and does so via an empirical analysis of consumer attitudes and a spatial comparison of both retail formats.

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“…Public safety, sustainability, health and beauty can all be shaped by design quality. Poor design has been empirically linked to functional obsolescence and rapid depreciation (Brown, 1999). Meanwhile, economists find that the best‐designed properties produce rents more than 20 percent higher than otherwise similar structures (Hough and Kratz, 1983; Vandell and Lane, 1989; Carmona et al , 2002).…”

Section: What Investors Are Doingmentioning

confidence: 99%

Responsible property investing: what the leaders are doing

Pivo

2008

J of Property Inv & Finance

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Purpose-This paper seeks to help those making investment decisions on existing commercial real estate portfolios to understand how environmental, social, and governance (ESG) issues impact the current value and prospective investment performance of the assets they own and manage. Design/methodology/approach-The issues and literature related to ESG issues in property investing are reviewed and examples of what industry leaders are doing to address these issues are collected and reported. Findings-Property investors can realize greater returns on their investments through considering and acting on a range of social and environmental issues. Lenders, owners, fund managers, asset and property managers, and developers can all incorporate RPI strategies into their own activities. RPI strategies can be categorized into ten elements covering environmental, social and community issues. There are two types of financially sound RPI strategies: no cost and value added approaches. More research needs to be carried out to understand the economic impacts of some strategies. Originality/value-Sustainability and corporate social responsibility are major and growing issues for property investors. The study demonstrates a successful example of how fund and asset managers are responding to these issues which can be considered by other managers in their own strategic planning.

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Design and Value: Spatial Form and the Economic Failure of a Mall

Cited by 36 publications

References 6 publications

The factors that determine shopping centre rent in Wuhan, China

The factors that determine shopping centre rent in Wuhan, China

Spatial convenience: bridging the gap between shopping malls and shopping strips

Responsible property investing: what the leaders are doing

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